Stocks fall for 3rd consecutive day in capital market

Business Desk :

Indices at both the Dhaka and Chattogram stock exchanges extended their losing streak for the third consecutive session on Tuesday, with most listed companies witnessing a decline in share prices.

At the Dhaka Stock Exchange (DSE), the benchmark index DSEX shed 16 points. While the Shariah-based DSES index remained flat, the DS30 index, which tracks blue-chip companies, lost 4 points, reports UNB.

Of the 393 issues traded, prices declined for the majority. A total of 168 issues ended lower, while 148 advanced and 77 remained unchanged.

All three categories – A, B, and Z – saw more losers than gainers. Among 213 A-category stocks, known for offering regular dividends, 100 lost value, 77 gained, and 36 remained unchanged.

Among the 36 mutual funds traded, most saw no change in unit prices. Twelve funds gained in value, while six declined and 18 stayed flat.

The block market at the DSE saw transactions worth Tk 12 crore from 28 companies. Midland Bank accounted for the highest block transaction, offloading shares worth Tk 2 crore.

The total turnover at the DSE stood at Tk 282 crore, up from Tk 235 crore in the previous session.

BBS Cables emerged as the day’s top gainer with a 10 per cent rise in its share price, while One Bank topped the losers’ list, falling over 7 per cent.
Indices Down in Chattogram as Well
The downward trend mirrored at the Chattogram Stock Exchange (CSE), where the key index dropped 52 points.